Gail Burke, former managing director for BNP Paribas Securities Services, has taken up her first directorship upon her return to Australia, becoming the new chair of financial services systems provider Pentafin.
Service promises less taxing time for platforms, custodians
The time it takes Australian managed funds to issue their end-of-year tax statements fell slightly in 2005/06, with only 6 per cent of the 638 funds on the Ausmaq hub taking longer than eight weeks, down from 14 per cent the year before.
Australian Unity goes for broad experience with new retail head
Australian Unity Investments, which recently passed the $5 billion mark in funds under management, has finally recruited a new head of retail distribution.
ACSI lifts funding for CEO role and expanded research effort
The Australian Council of Super Investors Inc (ACSI) has significantly increased its budget to allow for the employment of a full-time chief executive and new research staff.
25,000 songs count in Colonial media empire
Colonial First State Global Asset Management’s (CFS) new media fund would be valued at between $100-200 million when it launches near the end of this year, according to Geordie Manolas, head of strategy and development.
New fund secretary for NESS
The $600 million NSW Electrical Superannuation Scheme (NESS) will have a new fund secretary from May 31.
Companies start caring about Carbon Disclosure Project
Well over half the ASX 100 companies have indicated they will participate in this year’s Carbon Disclosure Project (CDP), after just 57 of them bothered to return last year’s inaugral survey.
First State Super puts consultants through their paces
The $12 billion First State Super Scheme NSW (FSS) is in the throes of an asset consulting review.
ARIA reassigns what Bridgewater handed back
Bridgewater Associates’ global shut-down of its beta-based asset management products has necessitated a reshuffling of the global fixed interest line-up at the Australian Reward Investment Alliance (ARIA).
Consultant sets up Asian multimanager boutique
A former Russell Investment Group consultant has hung a shingle as an Asian equities multimanager and appointed his first analyst.
Admin stays indoors at ABN Amro but systems under review
ABN Amro Asset Management is reviewing its administration system, DSTi’s HiPortfolio, but remains committed to keeping the function in-house according to chief executive Ian Manton-Hall.
Lucky 13 for SWIFT managed fund automation trial
SWIFT has revealed that four more large institutions have joined a trial attempting to automate the transaction of managed funds in Australia, making a total of 13 participants.
